Late last week Labor announced adjustments to their proposed policy on denying dividend imputations to people paying no income tax. They announced they would now pay franking credits to people who were pensioners prior to an arbitrary date in March.
1) Am I correct this only refers to aged pensioners and doesn’t include self funded retirees who draw no government pension?
2) I cannot see Labor losing the next election. Is there any organised lobby on behalf of self funded retirees given the government has not prosecuted this argument?
A: Thanks for the questions.
- Yes – only relates to people who were in receipt of a government benefit such as the aged pension
- I am not aware of an organised lobby yet – but I would expect this to develop in due course.
Regards
